Michael Nguyen has left the plan to “pursue new endeavors.”
The plan will look to hire a new record keeper following a search process that had its incumbent as a finalist.
The search follows the departure of former CIO Elizabeth Burton in June.
The plan has once again reissued its RFP for private markets investment consulting services due to the contract expiration of its incumbent.
The terminated manager has been on and off the plan’s watch list since 2018 for personnel turnover.
The hire concludes a search for investment advisory services launched in May.
The plans, which have $420 million in combined assets, are searching for an investment advisor.
Carlos Soto will lead the business development and transaction origination efforts for the firm’s private equity funds.
The plan opted to hire a new consultant at a meeting this week, replacing its incumbent.
The township found it wasn’t receiving the best service from its incumbent.